Yahoo Japan : Notification on the Changes in Other Associated Company and in the Major Shareholder (2018/9/11) PDF(164KB)
September 10, 2018 at 10:52 pm EDT
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September 11, 2018
To whom it may concern
Yahoo Japan Corporation
Kentaro Kawabe
President and CEO
Stock Code: 4689
Notification on the Changes in
Other Associated Company and in the Major Shareholder
Yahoo Japan Corporation (the "Company") hereby announces that as of September 14, 2018 (U.S. time), its other associated company and major shareholder, Altaba Inc. ("Altaba"), will change as follows:
1. Background of change
On September 10, 2018 (U.S. time), Altaba, the Company's other associated company and major shareholder announced the determination to sell all of its shares of the Company (Reference: "Altaba Announces Determination of the Number of Shares and Sale Price in Offering of Shares of Yahoo Japan Corporation"). According to the announcement, the shares are expected to be delivered on September 14, 2018 (U.S. time).
As a result of this, Altaba is no longer the Company's other associated company nor a major shareholder.
2. Outline of the shareholder
(1) Name
Altaba Inc.
(2) Address
140 East 45th Street, 15th Floor, New York, NY 10017, U.S.A.
(3) Name and Title of Representative
Thomas J. McInerney, Chief Executive Officer
(4) Description of Business
Investment company
(5) Paid-in Capital
USD 6,935,627 thousand (approx. 769,369,103,110 yen) (as of June 30, 2018)
(6)Date Established
March 5, 1995
(7) Net Assets
USD 62,626,875 thousand (approx. 6,947,199,243,750 yen) (as of June 30, 2018)
(8) Total Assets
USD 84,958,926 thousand (approx. 9,424,493,661,180 yen) (as of June 30, 2018)
(9) Major Shareholder and Its Equity Ratio
(As of August 31, 2018)
David Filo: 10.01%
Canyon Capital Advisors LLC: 7.20%
TCI Fund Management Limited: 6.59%
(10)Relationships with the CompanyCapital Relationship
Altaba holds 1,363,531,700 shares of the Company's shares (26.82% voting rights). (As of August 31, 2018)
Transaction Relationship Not applicable.
Personnel RelationshipNot applicable.
(Reference) USD 1 = Approx. 110.93 yen (TTM of September 10, 2018)
3. Number of voting rights (shares) and percentage to total voting rights held by this shareholder before and after the change
No. of voting rights (No. of shares held)
Percentage to total voting rights
Order of major shareholders
Before change (As of August 31, 2018))
13,635,317 (1,363,531,700)
26.82%
2nd
After change
0 (0)
0%
―
(Note 1) Number of shares deducted from the total number of issued shares as shares without
voting rights
Total number of shares issued as of August 31, 2018
613,946,785 5,697,730,500
(Note 2) Percentage to total voting rights is rounded to the second decimal place.
4. Changes in unlisted parent company, etc. subject to disclosure
Not applicable.
5. Future Outlook
The changes mentioned above do not impact the business results of the Company.
Disclaimer
This is an English translation of the captioned release. This translation is prepared and provided for the purpose of the reader's convenience. All readers are recommended to refer to the original version in Japanese of the release for complete information.
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Disclaimer
Yahoo! Japan Corporation published this content on 11 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 September 2018 02:51:03 UTC
Z Holdings Corporation is a holding company organized around 3 areas of activity:
- operation of e-commerce portals (69.5% of net sales): primarily operation of the Yahoo! Japan Shopping, PayPay Mall, ASKUL, Lohaco, Zozotown, Line Friends and Line Gift online stores. In addition, the group operates online auction platforms (Yahuoku!, PayPay Flea Market, etc.), online hotel and travel booking platforms (Yahoo! Japan Travel, Ikyu Travel, etc.) and electronic payment and financial services platforms (PayPay Card, PayPay Bank, LINE Securities, etc.) ;
- media services (28.2%): Internet advertising and marketing services, operation of generalist portals providing Internet tools and services (search engines, e-mail, discussion forums, electronic diaries, instant messaging, etc.), and content ( e-books, video content, thematic directories, news, etc.);
- other (2.3%).